Imperial Metals Corp (III) Stock Price Down 4.4%

Shares of Imperial Metals Corp (TSE:III) were down 4.4% on Friday . The stock traded as low as C$3.46 and last traded at C$3.46. Approximately 62,604 shares changed hands during trading, an increase of 15% from the average daily volume of 54,270 shares. The stock had previously closed at C$3.62.

Several analysts have recently weighed in on III shares. CIBC restated an “outperform” rating and set a C$3.50 price objective on shares of Imperial Metals Corp in a research report on Friday. Scotiabank decreased their target price on shares of Imperial Metals Corp from C$5.25 to C$4.00 and set an “underperform” rating on the stock in a research report on Friday, July 7th. Finally, TD Securities decreased their target price on shares of Imperial Metals Corp from C$4.50 to C$4.00 and set a “hold” rating on the stock in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$4.75.

The company has a 50-day moving average price of $3.54 and a 200 day moving average price of $4.84. The firm’s market cap is $319.13 million.

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Imperial Metals Corp Company Profile

Imperial Metals Corporation is engaged in the exploration and development of base and precious metals from its properties. The Company’s properties include Red Chris copper/gold mine in northwest British Columbia; Mount Polley copper/gold mine in central British Columbia, and Huckleberry copper mine in northern British Columbia.

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